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Get startedFind out how we potentially stop hackers from walking through the door to your account and what you should do about it.
Swyftx takes account security seriously. Weâve partnered with Auth0 a leading cloud platform account security provider to bring to you the best level of password and account security as possible. Your authentication details are maintained by the security professionals and never kept in any of the Swyftx internal systems.
When you signup for Swyftx, we ask Auth0 to check if the credentials youâve requested to be set for the account are secure. Auth0 maintains a database of user accounts that have been compromised from hacks from other software providers. This database includes billions of email/password combinations and highlights the importance of never using the same password.
This month weâve seen 24 accounts attempt to signup for Swyftx with details that are known to hackers. If weâd allowed the registration, anyone with malicious intent could simply come along and gain full access to the account! Weâll also touch on 2FA later and how this helps.
Not only do we check the integrity of your credentials when you register, but weâll also proactively scan for accounts where data breaches from other services providers have included your details. If they do, we instantly and automatically disable logins for the account and notify you to change your password, howâs that for fast thinking đ
We saw 16 accounts protected by this security measure in the last 2 weeks.
Further to the above breached password checks, weâll also run your password through the basic checks for complexity and check to see if it might be easy to guess. It might surprise you to know that people are still using passwords like â123456â and âqwertyâ and âpasswordâ as the most commonly used passwords! There will be none of that where we come from.
Multi-factor authentication is your last line of defence when it comes to breached accounts. The principal is that in order to login you need 2 things, something you know (password) and something you have (2FA device). Once youâve logged in to Swyftx youâll also be required to enter a code sent to your SMS or kept in your Google Authenticator. 2FA is also required to confirm withdrawals, account detail changes, and certain high volume trades. Itâs important that you always double check you are logging into the secured Swyftx Website
So what are we trying to say here? Well quite simply, start mixing up your passwords, use 2FA and donât get phished. We can only do so much to help you, but please try to help yourself. Use a password management solution like LastPass and feel free to get in touch via our live chat if you have any concerns or questions.